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How Well Do You Know Your Business?

 

Good question!  Your business is your biggest asset, and in many cases is the source of all the money you generate.  It will provide for your family and your future, and it is a very important part of your lifestyle.

Without it, what would you do?  So considering how important it is to you, how well do you know it?

In this short video I ask you countless quick fire questions to stimulate your thinking about getting to know your business - worth a watch.

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COVID 19 HVAC Business Continuity

COVID 19 HVAC Business Continuity 

This is some initial thinking to help HVAC and Plumbing home services companies see it through the uncertainty that COVID 19 has brought to the World.

Right Now 

  • Your Line Of Credit -  People are worried, the global economy is closing down, debt is likely to skyrocket, and so banks and lenders are nervous, despite the promise of massive government assistance.

Many contractors have reported that their line of credit has been slashed by half or more.  Contact your supply house, bank, credit card to investigate this for you and your business. For now, you want to keep as much cash in your business as you can, and if you have been living off recurring credit that may about to be slashed, then you need to know about it quickly and make decisions about how much and what to paydown.

  • Get Financial Support -  You can go here to find out more about business support loans from your government ...
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Random Acts of Business

 

Are you guilty of throwing money at marketing and promotions without any prior planning? Have you spent money on training or software that you’ve never truly benefited from?

Are you constantly on a hamster wheel in your business, but never really achieving your goals?

You could be guilty of Random Acts of Business.

Random Acts of Business can lead to chaos, as they are symptomatic of poor planning and organization.

In today’s episode, let Nick share with you the 3 key things you should be doing in your business to avoid these random acts.

Let Nick show you the method of getting from ‘Right Now’ to your goal in a structured way.

 

 

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Your map to the growth you want.

 

Without clarity - you are dead in the water at worst, or stuck on a hamster wheel at best.

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What Is The Point Of Strategy Anyway?

“How does having a business plan and a strategy help you run your business anyway?  Isn’t that just for city slickers or bigger businesses? This is the real world here - I am way too busy for that shit.”

This is a very common view of strategy and planning from the average business owner.  And it is heartbreaking.

Here are some interesting questions that every business owner needs to consider…

  • What is your break even point in dollars every month?
  • How many jobs do you need to do to make enough profit to cover all your expenses and break even?
  • What money will you have available next month to promote your business?
  • What about every month through the winter?
  • What exactly about your business are you promoting?
  • What is your compelling offer - your reason why your customers will choose you over everybody else in your town?
  • How will you achieve the maximum competitive advantage in your local market?
  • What resources do you have to utilize to help you get...
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